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Jul 5, 2014
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i think china has to deal with the grab for china itself. meaning that, you know, what china does at home oftentimes does abroad. when china goes domestically and causes problems with the environment or with its labor practices or corruption and it goes abroad and exports those practices, then it has, you know, its own problems. probably on a security front there are some reasons for concern. you know, as we see china sort of spreading its wings in the east and south china seas, some of that is tied into potential for oil and gas reserves and for the fisheries. far more than that is driven by nationalism within china. it's important to disentangle those issues. how are we going to respond to? >> strategically there's things the u.s. has to deal with. >>. >> we thought we found the biggest impact -- where we saw the biggest impact or the impact on crisis. we've seen enormous increases. particularly in the price of oil. if you asked most analysts, they would have said $20 a barrel. now $100 a barrel is normal. we've seen enormous increases in
i think china has to deal with the grab for china itself. meaning that, you know, what china does at home oftentimes does abroad. when china goes domestically and causes problems with the environment or with its labor practices or corruption and it goes abroad and exports those practices, then it has, you know, its own problems. probably on a security front there are some reasons for concern. you know, as we see china sort of spreading its wings in the east and south china seas, some of that is...
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Jul 7, 2014
07/14
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china relations? >> i would say they are competitive and tense because there are more and more issues that seem to be going unresolved. >> economically, militarily. >> mostly economic. in terms of military capability, china is way behind the u.s. i would characterise that as being exceptive at the point. china is investing more in the military capabilities. at some point in the future it can be competitive as well. to fenned off any sort of, you know, escalation in the areas. it would be dangerous. >> it's in no one's interest. i believe that the u.s. needs to have a different approach with china. because by coming at them with hostile rhetoric, i don't think this helps the relationship. china is engaged in aggression. it took the philippines in 2012, that's a naked lack of aggression. and the senkaku islands, by china calls the diaoyu island. the united states doesn't take a position on who is right and who has sovereignty, but the islander reef insists on peaceful resolution, and china has used forc
china relations? >> i would say they are competitive and tense because there are more and more issues that seem to be going unresolved. >> economically, militarily. >> mostly economic. in terms of military capability, china is way behind the u.s. i would characterise that as being exceptive at the point. china is investing more in the military capabilities. at some point in the future it can be competitive as well. to fenned off any sort of, you know, escalation in the areas....
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people in china believe that the pivot is aimed at containing china well isn't that surprising that many people in russia to believe that the reset was essentially never aimed that the improving. the relations it was rather and the enabling be aggressive or belligerent foreign policy of the united states isn't this sort of. isn't that striking how these two powers see them merican intentions in pretty much the same light where you can write an infinite and interesting but not very happy story of how one year a poll in free the frizz of george h.w. bush in one thousand nine hundred two migrated during the course of the clinton administration then the george w. bush administration and finally through the obama administration into a mishmash of ideas about expanding american idealistic intentions and expanding nato right up to russia's borders and the thoughts of some great people like george kennan. robert hutchings and jack matlock to show restraint in this area were overlooked right up to the recent crisis over ukraine well if i could go back to the west point speech neither re said
people in china believe that the pivot is aimed at containing china well isn't that surprising that many people in russia to believe that the reset was essentially never aimed that the improving. the relations it was rather and the enabling be aggressive or belligerent foreign policy of the united states isn't this sort of. isn't that striking how these two powers see them merican intentions in pretty much the same light where you can write an infinite and interesting but not very happy story...
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Jul 3, 2014
07/14
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BLOOMBERG
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an apparel retailer in china. amazon china. he did not sell joyo for a lot to amazon. what did he learn? >> he was an early entrepreneur in the internet space in china. he had kingsoft and a few other companies before doing xiaomi. every single one, he felt that he did not capture the right trend in the right way. when he was doing his start, others like jack ma were just starting out. seeing all of these other giants and he wanted to try hard with his company. he thought he was the hardest working guy in the business. how come their market cap is a lot smaller? he thought the mobile was the next big trend and nailed it. >> in your story, you say he works six days a week? 10-10? >> maybe seven. i could have an e-mail that i sent to him at midnight and he will respond at 1:00. can talk until 2:00. >> would you say he is on the scale of robin lee, jack ma, is he that big? >> he is. the question is how much bigger he goes. xiaomi is a unique company brand where it has the capability and aspirations to go global. with an internet company wrapped in the candy of colorful ha
an apparel retailer in china. amazon china. he did not sell joyo for a lot to amazon. what did he learn? >> he was an early entrepreneur in the internet space in china. he had kingsoft and a few other companies before doing xiaomi. every single one, he felt that he did not capture the right trend in the right way. when he was doing his start, others like jack ma were just starting out. seeing all of these other giants and he wanted to try hard with his company. he thought he was the...
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Jul 7, 2014
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and i china academi economic dialogue. china holds more u.s. debt than any other country but the u.s. is a key export for chinese goods. those two facts hold the nation he together. although strange every cyber spying, beijing rejects those charges and accuses washington of hypocrisy saying it has been hacked in the past. last month, are chinese presidentpresident ji jing ping. the coming collapse of china, i asked if the dispute in the south china sea was beijing simply vying for more regional influence or testing u.s. power in the region? >> clearly they think the united states is in terminal decline and so they do test us and they test every american president who takes office. the other thing is china believes it has right to territory under control of others. this is from india to the south to south korea in the south. feeling pressure from beijing because china has these territorial claims which in some cases are illogical and expansive. >> what do you think of this miss li, do you come face to face with cloin? >> i would think that these
and i china academi economic dialogue. china holds more u.s. debt than any other country but the u.s. is a key export for chinese goods. those two facts hold the nation he together. although strange every cyber spying, beijing rejects those charges and accuses washington of hypocrisy saying it has been hacked in the past. last month, are chinese presidentpresident ji jing ping. the coming collapse of china, i asked if the dispute in the south china sea was beijing simply vying for more regional...
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sticking with the theme of china china's rise over the past decade has been tremendous but some analysts see problems on the horizon and some analysts argue that excesses have built up possibly destabilizing the chinese economy so to get an update on what's happening in china and in the property markets and shadow banking sector i spoke to george magnus economist and author of the book uprising will emerging market shape or shake the world economy now i first asked him to explain why he believes that china's property downturn has barely begun to take a look at what he had. in terms of you know residential real estate prices in commercial land prices they they have been dropping since the end of last year and they're still up in terms of year over year comparisons but the sequential changes since the end of last year have clearly indicating that something new is is just starting and you know you wouldn't expect it to end after three or four months so it really is against the background of two things which actually have never happened in chinese property cycles before in the last you know
sticking with the theme of china china's rise over the past decade has been tremendous but some analysts see problems on the horizon and some analysts argue that excesses have built up possibly destabilizing the chinese economy so to get an update on what's happening in china and in the property markets and shadow banking sector i spoke to george magnus economist and author of the book uprising will emerging market shape or shake the world economy now i first asked him to explain why he...
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wealth is extremely concentrated in china the rich people of china will immediately take their money and we're talking about trillions of dollars out of china i mean despite capital control there are just thousands of channels for people to get the money out of china including bribing chinese government officials to turn a blind eye to that moving money out of china. you know in the matter of months you can see hundreds of billions even over a trillion dollars dollars leaving china of you know two offshore locations on the other hand if they don't let rates go down then the you know maybe even in response to capital flight increased interest rates in china which is really one of the positive response you can have when you're facing now for flights then you would see massive bankruptcy of a lot of companies they have chosen so far for middle road right now which is to maintain rates at a relatively high level. and that's causing a lot of difficulties or so it was the housing market is going down with no end in sight a lot of risk at the upper smaller wall or else it will proceed going
wealth is extremely concentrated in china the rich people of china will immediately take their money and we're talking about trillions of dollars out of china i mean despite capital control there are just thousands of channels for people to get the money out of china including bribing chinese government officials to turn a blind eye to that moving money out of china. you know in the matter of months you can see hundreds of billions even over a trillion dollars dollars leaving china of you know...
SFGTV: San Francisco Government Television
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Jul 3, 2014
07/14
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our non-stop khan do service on united we'll have a great privilege serving china thirty years and china is one of the most fast growing dynamic and fast growing united has twice as much capacity to china than other other flights. so mike's talked about the fact please indulge we're extremely proud the gateway at the sfo and it's made possible by the amazing people and businesses and all the places in san francisco and up and down the west coast and we offer, of course, more service around the bay area than any other airline and united operates more than 3 hundred flight to more than 90 designations around the world and in addition, we also offer non-stop to cities around the united states and europe and latino america and canada so we have the world covered for you and now, of course, adding changing do we're honored that mr. mayor is here and the people from the general council from china and all of you are customers a lot of our important travel partners and media we're tliefrld i'm going to turn it over to our fabulous mc mr. mike. thank you, again everything that's a pleasure to be
our non-stop khan do service on united we'll have a great privilege serving china thirty years and china is one of the most fast growing dynamic and fast growing united has twice as much capacity to china than other other flights. so mike's talked about the fact please indulge we're extremely proud the gateway at the sfo and it's made possible by the amazing people and businesses and all the places in san francisco and up and down the west coast and we offer, of course, more service around the...
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Jul 7, 2014
07/14
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>> i think germany needs china more than china needs germany. germany is interested in how -- china did a deal with russia over gas. making good friends with china right now is probably in germany's interest. something that happened during the news conference i thought would really irritate angela merkel. said mrs. merkel, i would like to remind you that this is the anniversary of the july 7 china byor attack on japan. has done this before. jinping's last visit to berlin, there was a request by authorities to visit the holocaust memorial. and it was refused. >> you are in berlin. >> it was refused because germany does not want to get involved in this spat between china and japan. really irritating for misses merkel to actually have this happen right in the press conference while they are talking about the relationship between germany. germany has repeatedly apologized where is allegedly japan hasn't. seems to want to draw germany into its political influence and sphere. haveould think it could more a sphere of influence in eu. >> to give got ger
>> i think germany needs china more than china needs germany. germany is interested in how -- china did a deal with russia over gas. making good friends with china right now is probably in germany's interest. something that happened during the news conference i thought would really irritate angela merkel. said mrs. merkel, i would like to remind you that this is the anniversary of the july 7 china byor attack on japan. has done this before. jinping's last visit to berlin, there was a...
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and from china so. it's his party with us. ok peggy can you hear me yes oh wonderful ok peggy welcome to the program thanks so much for joining us here oh thanks for having me let's start with you how did you develop such strong interest in sustainability of the environment and clean energy particularly as it pertains to trying. but you know i wish i could say it was some grand scheme but really it started when i was very young and my mother really loves gardening she loves cooking and i think that appreciation for being in nature really leaves the you to. want to have a sustainable earth and and i think in china it's you know every day you breathe this terrible error and you have food safety issues you have water safety issues and it's inevitable that you're going to want a greener cleaner in china so really it's as simple as that ok tell us about the j u c c c what does and how did it start what's its overall mission. well juice is a nonprofit as you mentioned that started in two thousand and seven ou
and from china so. it's his party with us. ok peggy can you hear me yes oh wonderful ok peggy welcome to the program thanks so much for joining us here oh thanks for having me let's start with you how did you develop such strong interest in sustainability of the environment and clean energy particularly as it pertains to trying. but you know i wish i could say it was some grand scheme but really it started when i was very young and my mother really loves gardening she loves cooking and i think...
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china has pledged to buy twenty. twenty they're going to reduce their carbon intensity that's the amount of c o two per unit of economic growth by forty to forty five percent from twenty two thousand rivals to china's going to schools. well i mean we hope so i think everybody should pray that we do but i think we have to put those numbers in perspective because that's sort of a number that. you know. if you don't understand what that means you might you might think that hey china is actually reducing its cold use completely but actually what that means is that the the trajectory of coal use is like this and it's really trying to bend the curve right so by twenty thirty five even if china brings the amount of coal in the energy mix of. generating electricity from eighty percent to sixty six percent by two thousand and thirty five what that means is we're still tripling the amount of total cold used so if you want to put things in perspective china is this teenager that's really growing fast except it's not just any te
china has pledged to buy twenty. twenty they're going to reduce their carbon intensity that's the amount of c o two per unit of economic growth by forty to forty five percent from twenty two thousand rivals to china's going to schools. well i mean we hope so i think everybody should pray that we do but i think we have to put those numbers in perspective because that's sort of a number that. you know. if you don't understand what that means you might you might think that hey china is actually...
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Jul 13, 2014
07/14
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nearby, china telecom and china mobile are also building facilities. all three will be chipping in for infrastructure around the area, including a fiber-optic network. march 2015, the company projected an output of 5.6 billion dollars from its facility, with 12,000 workers on site. foxconn is touting this as her greenest and most high-tech industrial park. it is not only the manufacturing process is green. they treat their wastewater the fruit heren is tested for safety. moving a big step forward, unlike past investments. probably because is what they want to do eventually, moving away from labor intensive, low pocket margin manufacturing. they're operating at the forefront of high technology industries. eventually, they want to service to clients at every step of the change from components to consumers, and perhaps one day they may even supply clients all the way from raw materials to final delivery of consumer products. >> once we do the foundation here, it will take time, maybe 3-5 years, and then we will get -- we don't want to go back to divisiona
nearby, china telecom and china mobile are also building facilities. all three will be chipping in for infrastructure around the area, including a fiber-optic network. march 2015, the company projected an output of 5.6 billion dollars from its facility, with 12,000 workers on site. foxconn is touting this as her greenest and most high-tech industrial park. it is not only the manufacturing process is green. they treat their wastewater the fruit heren is tested for safety. moving a big step...
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Jul 7, 2014
07/14
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and merkel in china. germany's chancellor and top executives push for more trade between the two countries. welcome to "the pulse." i am olivia sterns. you are watching bloomberg tv. we are here at the european headquarters in london. coming up on the program, we go behind the scenes of pro cycling. we're going to take you on a tour with the leader of the top team in the tour de france to make sure what may -- to find out what makes him tick. the new car for royalty and the superrich. we begin with a bloomberg tv exclusive. over the weekend, we were speaking with france's finance europe economic conference and he said he would like to see less dominance of the dollar. >> we sell ourselves aircraft in dollars. is that really necessary? i do not think so. airbus can sell it to air france in euros. it would create stability for airbus and air france. so we can avoid this exchange rate risk. euro really be an alternative to the dollar considering that 60% of the reserves of central banks are in dollars? dimin
and merkel in china. germany's chancellor and top executives push for more trade between the two countries. welcome to "the pulse." i am olivia sterns. you are watching bloomberg tv. we are here at the european headquarters in london. coming up on the program, we go behind the scenes of pro cycling. we're going to take you on a tour with the leader of the top team in the tour de france to make sure what may -- to find out what makes him tick. the new car for royalty and the superrich....
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Jul 16, 2014
07/14
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china is showing strong interest in the region. and the united states considers it a new focus in its asian policy. japan invited the ten asean leaders for a special summit with prime minister shinzo abe last december. a presidential spokesperson said that the meeting will be the most important diplomatic event to take place in south korea this year. >>> leaders from tokyo and pyongyang have agreed to try to close an issue that's been in the way since the end of world war ii. they're in discussions of how to handle the remains of japanese who died on the korean peninsula about 70 years ago. and now relatives of the deceased are asking their government to take more responsibility for the issue. the two countries agreed in may to talk about the return of the remains of about 20,000 japanese still in north korea. this was part of a larger agreement on an investigation into the fate of missing japanese, including those abducted by north korea. a group of bereaved families visited the country last month to pray, but they've decided to s
china is showing strong interest in the region. and the united states considers it a new focus in its asian policy. japan invited the ten asean leaders for a special summit with prime minister shinzo abe last december. a presidential spokesperson said that the meeting will be the most important diplomatic event to take place in south korea this year. >>> leaders from tokyo and pyongyang have agreed to try to close an issue that's been in the way since the end of world war ii. they're...
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the aggression is not coming from china or russia what are the economic implications of allowing china free rein in asia. or to mina loughran or that it's not up to the united states who does business with china or china does business growth. with the whole notion that we could disallow is if somebody can sense. that's it so i think that people will do business with china because it's profitable and we paid since they have good deals and they approach people and that way they say hey look let's do business we come in and say let's have military bases let us buy your government and this is your payoffs and so you will do we won't we'll put military bases this is totally different approach and that was dr paul craig roberts. time now for a very quick break but stick around because when we return dr barry eichengreen is on the show he's a well known professor of macro economics and political science at the university of california berkeley and he sat down with me earlier today to discuss the practice that makes a regulatory and foreign policy like oil and water and in today's big deal i b
the aggression is not coming from china or russia what are the economic implications of allowing china free rein in asia. or to mina loughran or that it's not up to the united states who does business with china or china does business growth. with the whole notion that we could disallow is if somebody can sense. that's it so i think that people will do business with china because it's profitable and we paid since they have good deals and they approach people and that way they say hey look let's...
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Jul 2, 2014
07/14
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china relations and china's own economic reform effort. should be a high priority for both governments and pleased to see them making progress. we look forward to hearing from secretary lu on what his priorities will be for the u.s.-china economic discussions. the format will be a moderated conversation followed by a few questions. moderating the event for the economic indicator. at the conclusion, please remain in your seats and we will allow the secretary to leave the event. please join me in welcoming secretary lew. [applause] >> there are quite a few issues on the mobile landscape at the moment you are dealing with. we will of course start with the issues we are facing. can you give us a sense of what has changed since the last gathering a year ago? >> let me start by thanking you and the u.s. china business council for hosting this event this morning. it is very important to us as we approach this to have a conversation at home and communicate what it is our objectives are and how we see it. is been a year full of a number of events t
china relations and china's own economic reform effort. should be a high priority for both governments and pleased to see them making progress. we look forward to hearing from secretary lu on what his priorities will be for the u.s.-china economic discussions. the format will be a moderated conversation followed by a few questions. moderating the event for the economic indicator. at the conclusion, please remain in your seats and we will allow the secretary to leave the event. please join me in...
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Jul 27, 2014
07/14
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is human trafficking allowed in china? is it legal in china for the people to be bullied? this is what i want to ask." both my parents are journalists. my grandfathers are journalists. it's just something that's in the blood. there are so many stories out there that need to be told. we want to go in to the trenches, we want to go in the corners that are less looked at. everyone at al jazeera america is dedicated to tell the story the best way that it can be told. >> israel's invasion of gaza continues tonight. >> we have been hearing a lot of tank shelling coming from where we are, here. >> every single one of these buildings shook violently. >> for continuing coverage of the israeli / palestinian conflict, stay with al jazeera america, your global news leader. >> al jazeera america >> this is the very tail section it was burning when we got here >> unbiased reporting... >> the violence has continued >> the violence has continued just a couple of miles from here >> in depth coverage... >> we've got a military escort allowing us to feel a further than everyone else... >> re
is human trafficking allowed in china? is it legal in china for the people to be bullied? this is what i want to ask." both my parents are journalists. my grandfathers are journalists. it's just something that's in the blood. there are so many stories out there that need to be told. we want to go in to the trenches, we want to go in the corners that are less looked at. everyone at al jazeera america is dedicated to tell the story the best way that it can be told. >> israel's invasion...
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Jul 21, 2014
07/14
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CNBC
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from china. and, of course, repairs took a look at this broken club and realized right away it was fake. >> but fake golf clubs don't begin to suggest the enormity of the problem. >> we have never seen a problem of this size and magnitude in world history. >> now, hang on. in world history. >> there's more counterfeiting going on in china now than we've ever seen anywhere. >> dan chow should know. a law professor at ohio state university, his specialty is chinese counterfeiting. we know that 15% to 20% of all goods in china are counterfeit. >> and these days, the way china's economy is booming, 15% to 20% means tens of billions of dollars. idence of the counterfeiting trade can be seen at this hong kong warehouse where counterfeit watches, shoes, computer chips, all copied in china, and seized in hong kong, are tossed onto a conveyor belt, and consigned to the dust bin of history. but it's like stopping the rain, the seizure may look impressive, but every day, 6,000 shipping containers leave hong
from china. and, of course, repairs took a look at this broken club and realized right away it was fake. >> but fake golf clubs don't begin to suggest the enormity of the problem. >> we have never seen a problem of this size and magnitude in world history. >> now, hang on. in world history. >> there's more counterfeiting going on in china now than we've ever seen anywhere. >> dan chow should know. a law professor at ohio state university, his specialty is chinese...
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yeah that's a good question and i have this discussion with lots of people in china and out of china about you know how they envisage the evolution of the chinese economy as it transitions from double digit growth you know we've had a decade or more in which china has grown a ten or eleven percent per annum and it's now growing at around seven seven and a half and my guess is over the next three or four years it's going to transition into a growth trend that's closer to around four percent but none of us really know to be honest whether that's going to be dumb you know well or managed you know nobody gets hurt kind of way or whether it's going to be more disruptive it will just drop a more violent and i think that the problem is that because construction is such a high proportion of total investment spending and therefore of economic growth that. the danger is not so much that we get a price collapse in china or a banking collapse which is what we had in the west in two thousand and eight two thousand and nine but that you just get a knock on nasty kind of bump in terms of economic g
yeah that's a good question and i have this discussion with lots of people in china and out of china about you know how they envisage the evolution of the chinese economy as it transitions from double digit growth you know we've had a decade or more in which china has grown a ten or eleven percent per annum and it's now growing at around seven seven and a half and my guess is over the next three or four years it's going to transition into a growth trend that's closer to around four percent but...
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Jul 2, 2014
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-china relations and to china's own economic reform efforts. as a result we believe those negotiations should be accurate for both governments and are pleased to see them making progress. we look forward to hearing from secretary lew about what his priorities would be for this year's u.s.-china economic discussions. the format of today's event will be a moderated conversation followed by a few questions from the audience. moderating the event will be "the wall street journal"'s current economics editor for the newspaper. at the conclusion of the discussion and questions and answers, please remain in your seats and we will allow the secretary to leave the event. these join me in welcoming secretary lew. [applause] >> secretary lew, there are quite a few issues on the global landscape at the moment that you're dealing with. we, of course, will start with all of the issues you're going to be facing at the s&ed. what has changed since last having a year ago? >> let me start by thanking you and his china business council and erin for open -- hosting
-china relations and to china's own economic reform efforts. as a result we believe those negotiations should be accurate for both governments and are pleased to see them making progress. we look forward to hearing from secretary lew about what his priorities would be for this year's u.s.-china economic discussions. the format of today's event will be a moderated conversation followed by a few questions from the audience. moderating the event will be "the wall street journal"'s...
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Jul 4, 2014
07/14
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also have a distrust of china. and china is the only friend of north korea. very interesting dynamic. some are saying this is president xi jinping's efforts to broaden severe influence over this area and limit the united states by cozying closer to south korea. what they have been saying about the the nuclear -- the wantclearization, is they to get back to the table. we know that russia and china seem to be writing from the same page or reading from the same page right now. there is a lot of conflict. that is why these talks didn't go anywhere until 2008 and haven't even restarted. korea.ing up to north i would say cozying up. time ofions at the same this meeting between xi and park. >> there is trade which is going to be fundamental. north korea is the elephant in the room. >> it is. kim jong-un has been conducting missile tests. it is in everyone's best interests to have a de-nuclearized peninsula. the chinese communique talked tion of de0 nucleariza the entire peninsula. that would include tactical missiles that the united states mice have. they have a lot
also have a distrust of china. and china is the only friend of north korea. very interesting dynamic. some are saying this is president xi jinping's efforts to broaden severe influence over this area and limit the united states by cozying closer to south korea. what they have been saying about the the nuclear -- the wantclearization, is they to get back to the table. we know that russia and china seem to be writing from the same page or reading from the same page right now. there is a lot of...
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Jul 3, 2014
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the deal is that the biggest publicly traded steelmaker in china is taking an interest rate -- in china. watch the stock today. >> what you have your eye on? >> sharp. a report from the nikkei newspaper that they will be their european appliance business. lcd tvs. it is not a big part of the business. 80% of overseas revenue focusing on the usn asia -- u.s. and asia. >> the u.s. jobs way better than forecasted today. u.s.. the sales in the ecb president druggie talking about rates remain at present levels for a long time. europe is a third of that sales. for canon, adrs are down. a lot of the money overseas. >> those three stocks we are watching. that is the verdict from the stock exchange. we will be back in an hour to see how the bea short seller who must pleased. carson blocks target takes another tumble. employers ramping up hiring in the u.s. setting off a stock market advance set to spread to asia. to you.ning i'm angie lau. welcome to "first up." it's friday and we're coming to live from our asian headquarters in hong kong. positivetoday with news for asia-pacific investors that
the deal is that the biggest publicly traded steelmaker in china is taking an interest rate -- in china. watch the stock today. >> what you have your eye on? >> sharp. a report from the nikkei newspaper that they will be their european appliance business. lcd tvs. it is not a big part of the business. 80% of overseas revenue focusing on the usn asia -- u.s. and asia. >> the u.s. jobs way better than forecasted today. u.s.. the sales in the ecb president druggie talking about...
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Jul 23, 2014
07/14
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-china business council. dayjust returned from a 10 trip to china. what did you see on the ground versus the better we get from the chinese government? distinction to make. i think what is often lost in the rhetoric here is a very fundamental point. china is at least a 300 billion dollar market for u.s. companies today. probably more than that. it should be even more than that , if there were not some of those barriers you mentioned. it is delivering growth when many parts of the world are not delivering as much growth. that growth is moderated son, but for ceos looking at the world, china is delivering pretty good growth for most of them. china fellestment in 9.3% and the first five months of this year versus the same time last year. is the golden age for multinationals in china tarnished, if not over? >> too soon to say something like that. we just completed a survey, revenue growth last year for nearly half the companies was still double digits. maybe it was 20% year over year, that is in-line with the moderating gdp growth as china matures. the c
-china business council. dayjust returned from a 10 trip to china. what did you see on the ground versus the better we get from the chinese government? distinction to make. i think what is often lost in the rhetoric here is a very fundamental point. china is at least a 300 billion dollar market for u.s. companies today. probably more than that. it should be even more than that , if there were not some of those barriers you mentioned. it is delivering growth when many parts of the world are not...
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Jul 16, 2014
07/14
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china has political issues. maybe they'll condition it on your relationship with taiwan, for example. >> what if a country like iran looks for funding, looks for loans that runs counter to what western countries could allow, could that happen? >> sure. would any of the brics countries go again iran. >> what about greece, should there be economic strings attached. it has had trouble with loans because of the basic requirements. >> with the brics there will be too few strings attached to the greek loans. >> james, how does this allow these countries, does it allow them to have a bigger voice when it comes to the world economic stage? >> well, i think at this stage its mainly symbolic, and it's bringing into focus the fact that these countries have arrived, the emerging markets have arrived. the united states has known for a long time that they need to move these countries up in their voice at international constitutions. but we have our domestic politics that are holding us back. these countries deserve more say,
china has political issues. maybe they'll condition it on your relationship with taiwan, for example. >> what if a country like iran looks for funding, looks for loans that runs counter to what western countries could allow, could that happen? >> sure. would any of the brics countries go again iran. >> what about greece, should there be economic strings attached. it has had trouble with loans because of the basic requirements. >> with the brics there will be too few...
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Jul 31, 2014
07/14
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we have difficulty with china in the east china sea. growing maritime activities of china must not cause tensions to neighboring countries. that would be unacceptable. territorial issues and the seabed resource issues must be resolved through dialogue according to international rules. change of the status quo with force is not acceptable. this is a consensus of asean nations and asian countries as a whole. that is why we believe that we should deal with china through dialogue in close coordination with other countries concerned. >> you mentioned a mechanism of dialogue between japan and china. at sea or in the air, between militaries, unintended collisions, unalerted encounters, if they occur could escalate. that be wiwould be a great conc. so communication lines should be in place between crews and top military officers to quickly respond to any unintended incidents. and that is the maritime communications mechanism that we intend to establish with china. the first administration agreed with then chinese president hu jintao to establis
we have difficulty with china in the east china sea. growing maritime activities of china must not cause tensions to neighboring countries. that would be unacceptable. territorial issues and the seabed resource issues must be resolved through dialogue according to international rules. change of the status quo with force is not acceptable. this is a consensus of asean nations and asian countries as a whole. that is why we believe that we should deal with china through dialogue in close...
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Jul 4, 2014
07/14
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that is what it would be in china. this is the seventh visit as chancellor to china. she took over in 2005. seven visits. she will be down. she will be with the volkswagen chairman. she is bringing a list of german enterprise. airbus, love todd's a -- louis vuitton's a -- l ufthansa. heinrich.e head and a factory opening up later on this year. auto parts and there was an interesting stat. installede elevators a going into china. not surprising. there is a lot of investment opportunity. >> thank you very much. >> you bet. 's corruptionent crackdown may be about killing two birds with one stone and maybe more birds than that. it may be doing more than consolidating power. the china correspondent joins us for a closer look. welcome. what have we seen from the initiative in the campaign? >> as you know, he launched a campaign after- becoming the chief in november of 2012. so far, there are more than 40 officials. they are called tigers and there are more than 400 captured. you are right that there are several drivers behind the initiative. one that is mentioned is the upc
that is what it would be in china. this is the seventh visit as chancellor to china. she took over in 2005. seven visits. she will be down. she will be with the volkswagen chairman. she is bringing a list of german enterprise. airbus, love todd's a -- louis vuitton's a -- l ufthansa. heinrich.e head and a factory opening up later on this year. auto parts and there was an interesting stat. installede elevators a going into china. not surprising. there is a lot of investment opportunity. >>...
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Jul 22, 2014
07/14
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it's located in the southern city of cow shung, facing the south china sea. reporters watched a helicopter lower a submarine detector into the ocean. they also saw patrol frigate drills to handle a fire on board after an attack. crews in respective suits worked to put out a fire and rescue the injured. vice foreign minister xi says taiwanese are confident in their capability and believe they can contribute to peace and stability in the region. >>> japan's government has asked local leaders in the country's southwest for permission to station a fleet of controversial aircraft there. senior vice defense minister ryota takeda met on tuesday with govern the governor. he says they plan for the amphibious unit. the motor aircraft will need parking space and use of the airport's runway. takeda also asked the governor to allow the u.s. marine corps in okinawa to use the same airport. >> translator: the japanese government decided that the airport is the best choice to deploy the self-defense force's ospreys and also to reduce the burden on okinawa. >> governor furuka
it's located in the southern city of cow shung, facing the south china sea. reporters watched a helicopter lower a submarine detector into the ocean. they also saw patrol frigate drills to handle a fire on board after an attack. crews in respective suits worked to put out a fire and rescue the injured. vice foreign minister xi says taiwanese are confident in their capability and believe they can contribute to peace and stability in the region. >>> japan's government has asked local...
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Jul 31, 2014
07/14
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he criticized china's ethnic policies. but he's considered a moderate since he opposes u independence from china. analysts say the scholar's indictment may spark further violence from the uyghur minority. >>> meanwhile, food safety concerns in china concern. shanghai government authorities are demanding the parent company of a scandal-hit meat firm to report its irregularities. they're accused of providing expired meat products to fast-food chains and restaurants. shanghai authorities arrested five company employees on suspicion of fra. shanghai xu w questioning se the . >> translator: we're d shanghai h parent company report manage the plant on a daily basis, as well as their quality control and management. >> he said the companies must also explain how they'll recall their tainted products. husi is the subsidiary of u.s. food giant osi. >>> chinese officials say they'll integrate the household registration systems for urban and rural residents into one. the separation has been blamed for a gap in the groups. the governme
he criticized china's ethnic policies. but he's considered a moderate since he opposes u independence from china. analysts say the scholar's indictment may spark further violence from the uyghur minority. >>> meanwhile, food safety concerns in china concern. shanghai government authorities are demanding the parent company of a scandal-hit meat firm to report its irregularities. they're accused of providing expired meat products to fast-food chains and restaurants. shanghai authorities...
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Jul 17, 2014
07/14
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this reflects the views of both china and russia. participants also agreed to set up a new development bank based in china's economic hub, shanghai. with $100 billion, it's designed to pave the way for new world order led by emerging economies. it appears china wants to exert greater influence over other economies through the bank. >> translator: i'm grateful to everyone for supporting setting up the bank. we'll work closely with all parties to start operations as soon as possible. >> reporter: but it's unclear whether everything will go as china hopes. xi met with indian prime minister narendra modi on the sidelines of the summit. they agreed to cooperate on infrastructure building and other areas. at the same time, xi invited modi to a meeting of the asia pacific economic cooperation forum in beijing in november. but modi brought up a bilateral border issue, underlining the gap between the two countries. india, in an effort to rebuild its economy, has been placing greater importance on ties with japan, whose relation with china has
this reflects the views of both china and russia. participants also agreed to set up a new development bank based in china's economic hub, shanghai. with $100 billion, it's designed to pave the way for new world order led by emerging economies. it appears china wants to exert greater influence over other economies through the bank. >> translator: i'm grateful to everyone for supporting setting up the bank. we'll work closely with all parties to start operations as soon as possible....
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that's not something that you can see in china and so people are you know sometimes in the dark about the budgetary process in china especially when it comes to local debts which is of course implicitly guaranteed by the central government it expands extremely rapidly without anyone in the world really noticing it and it seems like the chinese government deliberately tries to hide the debts so on so you have transparency and so you have capital now opening you know room and b. so it's not ready to be a reserve currency. many people see the brics as representing a sort of emerging market to lead to or emerging market leadership and this is a question i've had for some time and i'm sure that you can answer what exactly makes a country an emerging market and in what respect are the brics the leaders of emerging market countries. so you know i guess traditionally emerging markets which is you know countries that are not that rich they did it with a very simple definition. on a g.d.p. per capita basis and the and what makes them great countries sort of the powerhouses among the emerging ma
that's not something that you can see in china and so people are you know sometimes in the dark about the budgetary process in china especially when it comes to local debts which is of course implicitly guaranteed by the central government it expands extremely rapidly without anyone in the world really noticing it and it seems like the chinese government deliberately tries to hide the debts so on so you have transparency and so you have capital now opening you know room and b. so it's not ready...
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Jul 28, 2014
07/14
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what about china? industrial profit gaining. all's well that reports well in china. china'secovery in economy is happening a bit faster than we expected. we're been saying that going into fourth quarter we would see a broad-based recovery and asset prices, economic activity. when you look at the june data, you can start to see some evidence of that creeping through already. >> faster than expected. do you think the mini stimulus we have been seeing has certainly had something to do with it? >> that is right. the downturn in the property market in particular set the alarm bells ringing in beijing. the first four months -- even in may, things looked pretty horrible. we did see a recovery in june in residential sales value -- volume, which does give us some course sash -- some cause for optimism. until they get a meaningful stabilization on the property market, they will stick with the mini stimulus. >> is at optimism enough for you to increase or bets on china? >> two months ago we went all in. we just have to wait and see. as i said, until property prices in china sta
what about china? industrial profit gaining. all's well that reports well in china. china'secovery in economy is happening a bit faster than we expected. we're been saying that going into fourth quarter we would see a broad-based recovery and asset prices, economic activity. when you look at the june data, you can start to see some evidence of that creeping through already. >> faster than expected. do you think the mini stimulus we have been seeing has certainly had something to do with...
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Jul 6, 2014
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but that is all changing as china agitates in the south china and east china seas. do you feel that the facts on the ground could change the business relationship, moving forward? >> in some ways, i think it will accrue to the benefit of u.s. companies. people like the idea of doing business with america. they liked the idea that they can trust the delivery, service. some of these concerns in some ways accrue to the u.s.. we have pivoted to asia. there is a u.s. pivot to asia. i think that can benefit u.s. firms. >> thank you for joining us. up, more on what our reporters will be watching when markets kick off. >> there is the bell. we are taking a look ahead to the opens in japan. our intrepid reporters are here to tell us the stuff they are keeping an ion. let me guess -- something to do with wimbledon. >> djokovic of course won wimbledon. ,-- uniqlo, the sponsor. >> there it is. sponsorship,r beginning in 2012, may. i am not guaranteeing a shareprice move. the brand will be happy with this second wimbledon final. >> it think they are going to share that shirt? >>
but that is all changing as china agitates in the south china and east china seas. do you feel that the facts on the ground could change the business relationship, moving forward? >> in some ways, i think it will accrue to the benefit of u.s. companies. people like the idea of doing business with america. they liked the idea that they can trust the delivery, service. some of these concerns in some ways accrue to the u.s.. we have pivoted to asia. there is a u.s. pivot to asia. i think...
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Jul 28, 2014
07/14
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south china morning post. the front page they are basically saying that we are sorry for the lack of clarity but did not clarify. they basically held a press briefinglies and did not take questions. they apologized for what they called a lack of clarity. last week they basically said from ey did not force plant in shanghai. they are apologizing for not being able to communicate properly causing a lot of confusion among people and authorities are trying to determine whether or not they knowingly sold the meat, tainted meat. we will continue to follow the story. >> david, thank you very much. ok. we will have a look at the markets this monday morning. trading sessions getting underway. also there are quite a few closed, including singapore. >> that is right. a few markets are closed. we have indonesia, singapore and malaysia all closed for market holidays. indonesia included in that. that is why that screen looks kind of bare at this moment. taiwan starting their session. you out what is happening see modest gai
south china morning post. the front page they are basically saying that we are sorry for the lack of clarity but did not clarify. they basically held a press briefinglies and did not take questions. they apologized for what they called a lack of clarity. last week they basically said from ey did not force plant in shanghai. they are apologizing for not being able to communicate properly causing a lot of confusion among people and authorities are trying to determine whether or not they knowingly...
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Jul 4, 2014
07/14
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coming up, the chancellor has to china. we follow angela merkel's trip with top german executives to china. ♪ "> this is "on the move. angela merkel heads east for an official visit to china. the focus will be an economic cooperation and trade. david tweed joins us from hong kong. angela merkel is heading to the capital of the szechuan province. why is she heading there? chinary time she comes to , she goes to a separate provincial city. this time the city is in the szechuan province. even though it is not a state visit, it is treated like a state visit with all of the protocol. this time it is interesting that she has chosen this city because you can see it, it is considered to be in the western part of china. president is trying to encourage investment in th einner partst of in china. most of the economic growth has been focused on the coastal areas. which isgh chengdu, considered a second tier city, with 14 million people, it is at the top of the secondary ones, even though it is considered to be, such a large city, it
coming up, the chancellor has to china. we follow angela merkel's trip with top german executives to china. ♪ "> this is "on the move. angela merkel heads east for an official visit to china. the focus will be an economic cooperation and trade. david tweed joins us from hong kong. angela merkel is heading to the capital of the szechuan province. why is she heading there? chinary time she comes to , she goes to a separate provincial city. this time the city is in the szechuan...
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Jul 10, 2014
07/14
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ALJAZAM
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and china would be disastrous. doesn't it want good relations to china? they're a huge trade partner. they need things to go well. why antagonize us? >> it's worrying for us that because china needs stability it's doing things to confront in the region. we are there, it's china's confronting india, are vietnam, the philippines, japan. and we're only there to provide stability. that's going to be the issue. they're doing things which are illogical. undercutting the chinese political system i believe because i believe it's in distress right now. >> because we're spending time talking to them, you say instead we should be spending time talking to our allies in that region who are the victims of this chinese expansionism. >> exactly. we don't spend enough time talking with our friends and allies in the region. we need to build up the coalition if we are going to avoid armed conflict. the only way china is going to stay in the box is if it understands that it cannot win. and it cannot win if everyone in the region is united. we can build the coalition in a num
and china would be disastrous. doesn't it want good relations to china? they're a huge trade partner. they need things to go well. why antagonize us? >> it's worrying for us that because china needs stability it's doing things to confront in the region. we are there, it's china's confronting india, are vietnam, the philippines, japan. and we're only there to provide stability. that's going to be the issue. they're doing things which are illogical. undercutting the chinese political system...